July's consumer price index, due Thursday morning, could be the next catalyst for stocks.
The entertainment company posted adjusted earnings of $1.03 a share, ahead of the 95 cents expected by analysts polled by Refinitiv. Revenue came in at $22.33 billion, behind the $22.5 billion expected.
Disney also reported softer-than-expected subscriber numbers, and a 7% decline from the previous period. The company reported 146.1 million subscribers, versus the 151.1 million expected.on its ad-free Disney+ offering to $13.99 starting Oct.12. It will also increase the cost of its Hulu offering without ads.Bulls outnumbers bears for 35th week in II survey, confirming 'market uptrend'
Bullish opinion outweighed bearish sentiment, 52.2% to 19.4%, for a 35th straight week in the latest survey of financial newsletter editors and advisors byLast week, when bulls outnumbered bears 57.1% to 18.6%, optimism was the highest since November, 2021. Investors Intelligence reminded readers that "meaning the recent rally in stock prices may have further to run.
Contrarians who look to run counter to the herd also scan Investors Intelligence for the spread between the bulls and bears. The latest week's bull-bear spread narrowed to +32.8 points from last week's two-year high of +38.5%. Risk is rising in the stock market whenever the spread rises above +30 points, and the wider the positive spread, "the higher the risk. The last strong warning was during summer 2021, with spreads of +40.5 and +45.9," II said.
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